Close this search box.

Local Investment Laws and Indigenisation


It may seem obvious but “Africa” is not a country but 54 sovereign states.  Each country has its own political, economic, cultural, historical and socio economic issues and policies and strategies to attract and leverage benefits from both local and foreign investments vary from country to country.  These range from reserving sectors of the economy for locals only, restrictions on foreign ownership, requirements for local partners and management, the employment of locals and affirmative action and restrictions on foreigners owning land.

Investment incentives are available (for example special economic zones, tax holidays and other tax incentives) and need to be fully understood to maximise their benefits. Bilateral Investment Treaties, Free Trade Agreements and double taxation treaties also need to be taken into account.

Our specialist lawyers have practical and expertise and experience and a deep understanding of these legal, regulatory issues to guide clients and provide practical solutions for their businesses.

Recent Matters:

Angola: Advising on the incorporation/ registration of more dozens of local subsidiaries or branches of foreign companies and assisting in the negotiation of their respect investment projects.

Botswana: Played a pivotal role in the development of the Botswana Stock Exchange (‘BSE’), the collective investment undertaking industry, and the International Financial Services Centre, including assisting in the formulation of applicable legislation and regulatory regimes.

Ghana: Advising a Ghanaian client on a collaboration for the establishment of a starch plant and the integration of the starch plant and an existing ethanol plant located in the Volta Region of Ghana.

Kenya: Jurisdictional opinions to two American aircraft leasing companies on aircraft leasing, registration and the Cape Town Convention and Protocol.

Lesotho: Assisted a South Africa Brewing company with its sales of shares and disinvestment in Lesotho.

Morocco: Legal advice to Siparex, a French Private Equity investment fund, in connection with its Moroccan antitrust filing in the context of the acquisition of Sintex NP

Mozambique: Advice on preparation and setting up of deal structure including restructuring of holding companies in foreign Jurisdictions and elaboration of all projects contracts for the largest deal on private equity into a Mozambican Industrial and commodity trading entity.

Nigeria: Advising an American manufacturing company in its business entry into Nigeria and compliance with regulatory authorities.

South Africa: Advised Glencore International, together with its local Black Economic Empowerment partner Cyril Ramaphosa (together the “Consortium”), in its acquisition of an interest in a further 36.56 per cent of the issued share capital of Optimum Coal Holdings Limited.

Tanzania: Advised a financer and bank on the development of a gas powered electricity plant in Southern Tanzania.

Uganda: We advised DFCU Bank Ltd on its IPO and listing of its shares on the Uganda Securities Exchange, at the time the largest listing in the history of Uganda.

Zambia: Advisor to the Industrial Development Corporation of Zambia Limited (“IDC”), the Zambian government holding company for all parastatals, in relation to the establishment of the National Airline of the Republic of Zambia through a joint venture with Ethiopian Airlines, the flag carrier of Ethiopia and wholly owned by the country’s government.

Zimbabwe: Representing human rights defenders in constitutional claims on separation of powers, challenging constitutionality and reasonableness of statutory instruments, representing human rights defenders in criminal proceedings.


Explore our news articles, specialist publications and browse through our webinars and gallery

What We Do

Explore our range of expertise, and see how we can help you.
Banking, Finance, Investment Funds & Private Equity
Business Crimes & Investigations
Competition Law
Construction & Engineering
Corporate Mergers & Acquisitions
Cyber Law, Block chain & Technology
Dispute Resolution
General Business Law
Healthcare and Life Sciences
Infrastructure, Energy & Projects
Insolvency & Business Restructuring
Intellectual Property
Labour & Employment
Local Investment Laws and Indigenisation
Media, Broadcasting & Communications
Mining, Environmental & Resources
Property Law and Real Estate

Member Countries

Explore our member firms by country

Burkina Faso
Equatorial Guinea
Guinea Conakry
Ivory Coast
South Africa